Learning Technologies Group (LTG) announced that it has agreed to acquire the entire issued share capital of Eukleia, a provider of e-learning to the financial services sector, in keeping with its ‘buy and build’ strategy to create a global leader in e-learning in excess of £50 million of revenue.

Eukleia was established in 2005 and has a leading reputation in the learning marketplace as a provider of training in governance, risk and compliance (GRC) for international banking and finance institutions. It offers its clients bespoke e-learning, generic e-learning courses, instructor-led training, localisation of training materials and its own learning management system. Eukleia’s clients include HSBC, Barclays, TD Bank, Deutsche Bank and the London Stock Exchange.

Stephen Bullock, partner at Crowe Clark Whitehill, said: “It has been a pleasure to support LTG on this acquisition, which has enabled it to strengthen its presence in the e-learning space and the growing market for GRC. We look forward to working closely with the team in the future.”

Jonathan Satchell, CEO of LTG, said: “This acquisition meets our goal of augmenting the group with companies that are experts and leaders in their chosen field. Eukleia has grown rapidly in the GRC market and is well placed to benefit from the continued expansion in this market and the internationalisation of its client base. We were very pleased with the transaction support provided by the team at Crowe Clark Whitehill, who were proactive and commercial and enabled us to execute the transaction efficiently.”

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